Nonprofit · EIN 27-4299350
DRAKE BETTNER FOUNDATION
Tax-exempt · MCKINNEY, TX 75071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $81,899 | $358,946 | -$277,047 | $2,792,988 | $1,828 | $2,791,160 |
| December 31, 2023 | 990-PF | $532,557 | $189,678 | $342,879 | $2,918,840 | $1,828 | $2,917,012 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $79,648
- Interest
- $118
- Other income
- $2,133
Expenses
- Grants and similar amounts paid
- $89,239
- Compensation of officers, directors and key employees
- $84,000
- Disbursements for charitable purposes
- $89,239
Balance sheet and other
- Total assets, start of year
- $2,918,840
- Total assets, end of year
- $2,792,988
- Total liabilities, end of year
- $1,828
- Net assets, end of year
- $2,791,160
- Fair market value of assets
- $2,792,988
- Qualifying distributions
- $89,239
- Net investment income
- $81,899
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN D DRAKE 307 N COLLEGE STREET, MCKINNEY, TX 75069 | DIRECTOR | 40 | $84,000 |
| PAUL D BETTNER 311 N COLLEGE STREET, MCKINNEY, TX 75069 | DIRECTOR | 1 | $0 |
| KATHERINE D BETTNER 311 N COLLEGE STREET, MCKINNEY, TX 75069 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN D DRAKE 307 N COLLEGE STREET, MCKINNEY, TX 75069 | DIRECTOR | 40 | $84,000 |
| PAUL D BETTNER 311 N COLLEGE STREET, MCKINNEY, TX 75069 | DIRECTOR | 1 | $0 |
| KATHERINE D BETTNER 311 N COLLEGE STREET, MCKINNEY, TX 75069 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2309 VIRGINIA PKWY STE 100, MCKINNEY, TX 75071-7124
- In care of
- % DALE DRAKE
- Signed the 990-PF
- ALAN D DRAKE, DIRECTOR
- Phone
- (972) 548-0800
- Return prepared by
- WHITLEY PENN LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 27-4299350
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $2,792,988
- Income (IRS master file)
- $81,899
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $532,557 | $189,678 | $2,918,840 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about DRAKE BETTNER FOUNDATION
- What is the EIN of DRAKE BETTNER FOUNDATION?
- The employer identification number (EIN) of DRAKE BETTNER FOUNDATION is 27-4299350.
- Is DRAKE BETTNER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to DRAKE BETTNER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DRAKE BETTNER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DRAKE BETTNER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRAKE BETTNER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DRAKE BETTNER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $84,000 (ALAN D DRAKE, DIRECTOR).
- How much revenue does DRAKE BETTNER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $81,899, expenses of $358,946 and total assets of $2,792,988 at year end.
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